CIO Business Intelligence

DECEMBER 19, 2024

So far, no agreement exists on how pricing models will ultimately shake out, but CIOs need to be aware that certain pricing models will be better suited to their specific use cases. Lots of pricing models to consider The per-conversation model is just one of several pricing ideas.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

CIO Business Intelligence

OCTOBER 23, 2024

To address this, Gartner has recommended treating AI-driven productivity like a portfolio — balancing operational improvements with high-reward, game-changing initiatives that reshape business models. Gartner’s data revealed that 90% of CIOs cite out-of-control costs as a major barrier to achieving AI success.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

JANUARY 7, 2025

Organizations will always be transforming , whether driven by growth opportunities, a pandemic forcing remote work, a recession prioritizing automation efficiencies, and now how agentic AI is transforming the future of work. 2025 will be the year when generative AI needs to generate value, says Louis Landry, CTO at Teradata.

Digital Transformation 143

Digital Transformation Experimentation Cost-Benefit Strategy 143

Smart Data Collective

FEBRUARY 22, 2022

Big data has been changing the state of business for years. More companies than ever are shifting towards digital business models. They are finding new ways to leverage data analytics and AI technology to maximize their ROI. Fortunately, new e-commerce companies are in a good position to benefit from data.

Data-driven 141

Data-driven Metrics Big Data Sales 141

Smart Data Collective

DECEMBER 13, 2021

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. New advances in data technology have been especially beneficial for marketing.

Data-driven 145

Data-driven Marketing Strategy Big Data 145

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Here, agentic AI hold promise, with CRM vendors releasing AI agents and assistants for sales teams and reps, many of which drive efficiencies and promote data-driven practices. Gen AI holds the potential to facilitate that.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

Smart Data Collective

JANUARY 11, 2023

Many businesses are taking advantage of big data to improve their marketing and financial management practices. billion on big data marketing in 2020 and this figure is likely to grow further in the years to come. Some of the case studies on the benefits of data-driven marketing are quite promising.

Data-driven 122

Data-driven Marketing Advertising Big Data 122

Smart Data Collective

JULY 28, 2021

This is largely due to the benefits of using data analytics to improve automation in merchandise distribution. As a retailer or manufacturer selling via e-commerce platforms, you already know the importance of using big data to improve automation. This wouldn’t be possible without massive advances in big data technology.

Data-driven 137

Data-driven Big Data Manufacturing ROI 137

erwin

AUGUST 31, 2023

Q: Is data modeling cool again? In today’s fast-paced digital landscape, data reigns supreme. The data-driven enterprise relies on accurate, accessible, and actionable information to make strategic decisions and drive innovation. A: It always was and is getting cooler!!

Data-driven 98

Data-driven Modeling Enterprise Structured Data 98

O'Reilly on Data

MARCH 31, 2020

AI products are automated systems that collect and learn from data to make user-facing decisions. All you need to know for now is that machine learning uses statistical techniques to give computer systems the ability to “learn” by being trained on existing data. Why AI software development is different.

Management 363

Management Machine Learning Experimentation Metrics 363

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. Doing Research Before Investing in Data-Driven Digital Signage Solutions. System provider.

Data-driven 139

Data-driven Advertising Big Data Cost-Benefit 139

CIO Business Intelligence

JANUARY 30, 2025

Chinese AI startup DeepSeek made a big splash last week when it unveiled an open-source version of its reasoning model, DeepSeek-R1, claiming performance superior to OpenAIs o1 generative pre-trained transformer (GPT). Most language models use a combination of pre-training, supervised fine-tuning, and then some RL to polish things up.

Modeling 117

Modeling Data-driven Technology Strategy 117

Smart Data Collective

DECEMBER 17, 2021

Marketing Analytics is the process of analyzing marketing data to determine the effectiveness of different marketing activities. The process of Marketing Analytics consists of data collection, data analysis, and action plan development. Types of Data Used in Marketing Analytics. Types of Data Used in Marketing Analytics.

Marketing Analytics 122

Marketing Analytics Marketing Data-driven Analytics 122

CIO Business Intelligence

DECEMBER 18, 2024

Our history is rooted in a traditional distribution model of marketing, selling, and shipping vendor products to our resellers. To be a platform business, you need a network, demand, supply, data, and a customer experience that differentiates. What were the technical considerations moving from a distribution model to a platform?

Digital Transformation 116

Digital Transformation Metrics Measurement ROI 116

Smart Data Collective

SEPTEMBER 4, 2020

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Guide to Creating a Big Data Strategy.

Data-driven 105

Data-driven Big Data Metrics Strategy 105

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. The average ROI from RPA/IA deployments is 250%. Robotic Process Automation is for “more than once” automation. So, what about Intelligent Automation?

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

Occam's Razor

AUGUST 13, 2012

The questions reveal a bunch of things we used to worry about, and continue to, like data quality and creating data driven cultures. Yehoshua I've covered this topic in detail in this blog post: Multi-Channel Attribution: Definitions, Models and a Reality Check. EU Cookies!) What's possible to measure.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

OCTOBER 7, 2022

And how do we demonstrate ROI in order to proceed? It’s time to discard legacy processes and reinvent IT procurement with a new approach that leverages the power of data-driven insights. Model and price infrastructure with accuracy. What’s the right infrastructure configuration to meet our service level agreements (SLAs)?

Data-driven 98

Data-driven IT Digital Transformation ROI 98

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. The data will enable companies to provide more personalized services and product choices.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

JULY 16, 2023

Big data is the most important business trend of the 21st century. The usage, volume, and types of data have increased significantly. In fact, big data keeps gaining momentum. We mentioned that data analytics is vital to marketing , but it is affecting many other industries as well.

ROI 97

ROI Data Analytics Analytics Risk Management 97

Smart Data Collective

JANUARY 11, 2021

We have talked in depth about the benefits of using data-driven strategies to improve the functionality of the workplace. There are plenty of case studies of companies using big data to streamline many elements of their business models. Big Data is Making Employee Training Much More Effective. Many organizations ?fear

Data-driven 90

Data-driven Big Data Sales ROI 90

datapine

DECEMBER 11, 2019

“Software as a service” (SaaS) is becoming an increasingly viable choice for organizations looking for the accessibility and versatility of software solutions and online data analysis tools without the need to rely on installing and running applications on their own computer systems and data centers.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

CIO Business Intelligence

MARCH 19, 2025

As regulatory scrutiny, investor expectations, and consumer demand for environmental, social and governance (ESG) accountability intensify, organizations must leverage data to drive their sustainability initiatives. However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive.

IT 59

IT Data Governance Data-driven Metrics 59

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. BI software uses algorithms to extract actionable insights from a company’s data and guide its strategic decisions.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Occam's Razor

FEBRUARY 25, 2013

This blog is centered around creating incredible digital experiences powered by qualitative and quantitative data insights. Every post is about unleashing the power of digital analytics (the potent combination of data, systems, software and people). Let's calculate the ROI of digital analytics. Isn't it amazing?

Analytics 143

Analytics ROI Marketing Modeling 143

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. Your Chance: Want to perform advanced data analysis with a few clicks? Data Is Only As Good As The Questions You Ask.

IT 317

IT Statistics KPI Data-driven 317

Smart Data Collective

FEBRUARY 4, 2021

Big data has been instrumental in keeping the pandemic in check. Organizations and governments around the world are using big data technology to track the spread of Covid-19 and find better solutions to keep it in check. However, big data will continue to affect our lives long after the pandemic has subsided.

Data-driven 87

Data-driven Marketing Strategy Big Data 87

CIO Business Intelligence

SEPTEMBER 12, 2024

While some enterprises are already reporting AI-driven growth, the complexities of data strategy are proving a big stumbling block for many other businesses. So, what can businesses do to maximize the value of their data, and ensure their genAI projects are delivering return on investment?

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

O'Reilly on Data

FEBRUARY 11, 2020

We suspected that data quality was a topic brimming with interest. The responses show a surfeit of concerns around data quality and some uncertainty about how best to address those concerns. Key survey results: The C-suite is engaged with data quality. Data quality might get worse before it gets better.

Data Quality 363

Data Quality Metadata Data Governance Publishing 363

Decision Management Solutions

JULY 8, 2020

The research looked at the increasingly broad portfolio of analytic capabilities available to enterprises – everything from traditional Business Intelligence (BI) capabilities like reporting and ad-hoc queries to modern visualization and data discovery capabilities as well as advanced (predictive) analytics. Monitoring.

Reporting 134

Reporting Analytics ROI Key Performance Indicator 134

datapine

APRIL 15, 2020

It’s necessary to say that these processes are recurrent and require continuous evolution of reports, online data visualization , dashboards, and new functionalities to adapt current processes and develop new ones. In the traditional model communication between developers and business users is not a priority.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. In the enterprise, huge expectations have been partly driven by the major consumer reaction following the release of ChatGPT in late 2022, Stephenson suggests.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

AUGUST 20, 2024

million to fine-tune gen AI models, and $20 million to build custom models from scratch, according to recent estimates from Gartner. Most SMBs don’t have the resources to create and maintain their own AI models, and they will need to work with partners to run AI models, he adds. It is too risky, and its ROI is unproven.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

JANUARY 7, 2025

In some cases, the business domain in which the organization operates (ie, healthcare, finance, insurance) understandably steers the decision toward a single cloud provider to simplify the logistics, data privacy, compliance and operations. The first three considerations are driven by business, and the last one by IT.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

Smart Data Collective

DECEMBER 22, 2021

Big data technology has become an invaluable asset to so many organizations around the world. There are a lot of benefits of utilizing data technology, such as improving financial reporting, forecasting marketing trends and efficient human resource allocation. Big Data Technology Has Become a Nontrivial Element of Modern Business.

Big Data 145

Big Data Forecasting Data-driven ROI 145

CIO Business Intelligence

AUGUST 9, 2024

At Atlanta’s Hartsfield-Jackson International Airport, an IT pilot has led to a wholesale data journey destined to transform operations at the world’s busiest airport, fueled by machine learning and generative AI. He is a very visual person, so our proof of concept collects different data sets and ingests them into our Azure data house.

Data Transformation 126

Data Transformation Machine Learning Data Lake Dashboards 126